Australia's Transfield Rejects Bid From Ferrovial

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

SYDNEY--Transfield Services Ltd. (TSE.AU), an Australian provider of project-management-and-maintenance services, said Monday it had received a 1 billion Australian dollar (US$785 million) takeover bid from Spain's Ferrovial SA (FER.MC). Transfield rejected the offer as too low, but granted Ferrovial the ...

CLP Holdings Jan-Sep Hong Kong Electricity Sales Up 4.3%

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Chester Yung HONG KONG--CLP Holdings Ltd. (0002.HK), the larger of Hong Kong's two power suppliers by revenue, said Monday its electricity sales in the city rose 4.3% from a year earlier to 25,590 gigawatt hours in the January-September period. ...

New Libor Administration Plan Detailed

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Max Colchester Ice Benchmark Administration Ltd. Monday proposed a package of new measures to make the London interbank offered rate more accurate and less susceptible to manipulation. Libor, a benchmark which shows interbank borrowing rates and serves as the ...

BOJ Says Moderate Recovery Trend Intact

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Takashi Nakamichi TOKYO--Bank of Japan Gov. Haruhiko Kuroda said Monday that a modest recovery trend in the economy is intact, offering few hints of any imminent policy changes. "Japan's economy has continued to recover moderately as a trend, although ...

Eurozone Current Account Surplus Narrows in August

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Emese Bartha FRANKFURT--The eurozone's current account surplus narrowed in August from an upwardly revised surplus in July, as the services' surplus shrank on the month, data from the European Central Bank showed on Monday. The current account balance, a ...

Lower Energy Costs Put Downward Pressure on German Producer Prices

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Emese Bartha FRANKFURT--Germany's producer prices index continued its fall on an annual basis in September, as energy costs kept it under downward pressure, while it remained steady in on the month earlier, official data showed Monday. Producer prices were ...

BOJ Cuts View of 1 of 9 Regions

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

TOKYO--The Bank of Japan cut its view of one of the nation's nine regional economies in a report released Monday, the first downgrade to any region since Gov. Haruhiko Kuroda took office in the spring of 2013. In its once-a-quarter ...

New Libor Administration Plan Detailed

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

Ice Benchmark Administration Ltd. Monday proposed a package of new measures to make the London interbank offered rate more accurate and less susceptible to manipulation. Libor, a benchmark which shows interbank borrowing rates and serves as the basis for interest ...

Yen Weakens As Nikkei Jumps Amid Diminished Risk Aversion

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Hiroyuki Kachi The yen was weaker than its major rivals in Asia trade Monday, with the stock market's sharp recovery and diminished risk aversion making the Japanese currency vulnerable to selling. As of 0450 GMT, the dollar climbed to ...

Italy's Industrial Orders Rise in August

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Liam Moloney ROME--Italian industrial orders rose, for the first time in four months, in August, on the back of both foreign and domestic demand, even though the eurozone's third-largest remained weak. Industrial orders gained 1.5% on the month, reversing ...

Oil Futures Holding Up

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

Crude-oil futures were in positive territory in Asian trade Monday after being decimated last week, but traders and investors remain unsure of whether prices can hold. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November ...

Italy's Industrial Orders Rise

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

Italian industrial orders rose, for the first time in four months, in August, on the back of both foreign and domestic demand, even though the eurozone's third-largest remained weak. Industrial orders gained 1.5% on the month, reversing an equal drop ...

Fed to End Bond Buys This Month as Planned, Says Rosengren

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Pedro Nicolaci da Costa BOSTON--The Federal Reserve will likely conclude its bond-buying program this month as planned, despite recent financial market volatility and speculation to the contrary, Boston Fed President Eric Rosengren said in an interview Saturday with The ...

Oil Futures Holding Up, Brent Trades Above $86/bbl

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Eric Yep Crude-oil futures were in positive territory in Asian trade Monday after being decimated last week, but traders and investors remain unsure of whether prices can hold. On the New York Mercantile Exchange, light, sweet crude futures for ...

U.S. Corporate Economists See Hit From Eurozone Troubles

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Jonathan House Faltering growth, double-digit unemployment and a looming threat of deflation in Europe are causing American businesses to worry again about the eurozone's economic woes. According to a survey of corporate economists released Monday by the National Association ...

EU Steps Up Sanctions Against Assad's Regime

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

LUXEMBOURG--The European Union stepped-up its sanctions against Syrian President Bashar al-Assad's regime on Monday as the bloc's foreign ministers discussed the latest in the international campaign to defeat Islamic State, the Sunni extremist group that is also fighting Syrian authorities. ...

Fed's Rosengren Says Bond Buys to End as Planned

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

BOSTON--The Federal Reserve will likely conclude its bond-buying program this month as planned, despite recent financial market volatility and speculation to the contrary, Boston Fed President Eric Rosengren said in an interview Saturday with The Wall Street Journal. "The bond ...

Energy Development Secures $315 Million Financing For Wind Project

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Cris Larano MANILA--Energy Development Corp. (EDC.PH), the biggest producer of electricity from geothermal power plants in the Philippines, said Monday it had signed a 15-year, $315 million loan to finance its construction of a 150-megawatt wind farm in Burgos, ...

Lower Energy Costs Put Downward Pressure on German Producer Prices

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

FRANKFURT--Germany's producer prices index continued its fall on an annual basis in September, as energy costs kept it under downward pressure, while it remained steady in on the month earlier, official data showed Monday. Producer prices were unchanged on the ...